Let's Go Off the Cliff!

[CuteOldGuy]

Or so says Senator Patty Murray. She thinks the fiscal cliff will be a good thing because it will insure that the rich pay more. I don't know. Maybe it is a good idea.

From the article:

The Washington senator is one of the most senior figures from either party to suggest that temporarily going off the fiscal cliff could be an acceptable way to break the impasse over fiscal policy. Her hard line could strengthen the negotiating position of Democrats but frighten markets.

The fiscal cliff refers to tax rises and spending cuts planned for the end of year. If this happens, tax cuts passed by former president George W. Bush would expire and there would be across-the-board cuts to defence and other spending.

That could push the US into recession, although some analysts think it would not be too damaging if some of the cuts and tax rises were quickly reversed. Republicans want to keep all of the Bush tax cuts while Democrats want to keep them only for those with incomes below $250,000.

Read the rest of the article here:

http://www.ft.com/cms/s/0/35f526fa-2...#axzz2ByqP977l

[icuminpeace]

Nothing wrong with fixing our budget problems. If the politicos can't agree on something, than the fiscal cliff is the only way to go. Might as well start the process sooner than later. Whatever they come up with will be just kicking the can down the road for someone else to deal with. The U.S. needs a severe depression in order to reset the economy. The bigger the bubble the politicians make, the bigger the depression. It could've been a recession if they would have acted sooner and didn't add another $11T in debt by both Bush and Obama.

[Guest123018-4]

I say do not raise the debt ceiling and let the tax cuts expire. ACROSS the BOARD. Sure the Republicans will get the blame for it but they are screwed already so what does it matter. The Democrats will get their tax increases, the spending will have to stop, and maybe we can finally get a budget passed.

[ChoomCzar]

Originally Posted by icuminpeace

Nothing wrong with fixing our budget problems. If the politicos can't agree on something, than the fiscal cliff is the only way to go. Might as well start the process sooner than later. Whatever they come up with will be just kicking the can down the road for someone else to deal with. The U.S. needs a severe depression in order to reset the economy. The bigger the bubble the politicians make, the bigger the depression. It could've been a recession if they would have acted sooner and didn't add another $11T in debt by both Bush and Obama.

Fixing our budget problems and doing something to our budget are two different things....usually sheeple are content when things are done rather than fixed....

The system needs to collapse....fortunately, we are moving in that direction....it'll still take decades, but the process cannot be reversed.....takers outnumber makers....

[Whirlaway]

California will be leading the way (on a collapse)..................tic k, tick, tick.

[ChoomCzar]

Originally Posted by Whirlaway

California will be leading the way (on a collapse)..................tic k, tick, tick.

Eventually they will collapse, but they will get bailed out first, maybe even multiple times......


We have gone over the cliff already, but few know it because we haven't hit the bottom.......

[Whirlaway]

Your approach assumes the politicians would be prudent with the revenue; but they won't. With Obama in charge, the spending will be ramped up even more......

The 2009 debt ceiling deal was suppose to last alot longer; but Obama blew thru it in half the projected time.

Originally Posted by The2Dogs

I say do not raise the debt ceiling and let the tax cuts expire. ACROSS the BOARD. Sure the Republicans will get the blame for it but they are screwed already so what does it matter. The Democrats will get their tax increases, the spending will have to stop, and maybe we can finally get a budget passed.